Skip to main content

tv   Countdown to the Closing Bell  FOX Business  April 30, 2013 3:00pm-4:01pm EDT

3:00 pm
♪ >> friends of immigration reform, doubling down and spends big money to lobby congress also getting help from silicon fall -- valley heavy weights. this is a special edition of "countdown to the closing bell live from the milken institute of los angeles. ♪ liz: good afternoon, everyone, i'm liz claman live from beverley hills, california where just a short time ago, minutes
3:01 pm
ago, i spoke to former british prime minister tony blair who told me that we have to worry very much about what's going on in syria, and don't count on the united nations. that won't work. there's not a consensus there in removing president assad, but there were issues including home grown terrorism which he dealt with in the past. more in the moment, and, yes, still very much worried about euro issues. in just a moment, joined by bill ford and steve case, they are not worried as they charge ahead in the world of business, but, first, to all the day's market action. s&p 500 on track for another record high. investors may be buoyed by confidence as far as consumers concerned, wait until you see what goldman saks had to say about that and whether you should be investing in stocks right now. what's driving the s&p higher? look at the screen. there's 19 stocks not only
3:02 pm
reached 52-week highs, but all-time highs, names like crashmaxen nike, and black rock. the major indexes are, indeed, extending a strong first quarter, the dow and s&p 500 up 1.of 6% for the month. the s&p, the best month since 2009. solar, put it up, first solar, a big winner on the s&p 500 this month, up nearly 17%, shares hitting a new high today, and earlier, the company issued strong guidance for the rest of the year. you can't count out solar. we'll talk about that now, actually, with bill ford, the very top of ford motor company. do you feel you are stuck in traffic more often? just to let you know, too big me way longer to get to the beverley hilton it should have in 12 blocks because i'm staying at my mom's house. road congestion on the rise in 2013 after two years of double
3:03 pm
digit declines. ford motor company, don't they want you to be in the car all the time? they are helping you figure out and eradicate the problem. can you really eradicate congestion? bill ford, executive chairman of ford motor company joining me now in a fox business exclusive, thrilledded to have you here. >> hi, liz. >> you two gathered a crowd, taking pictures of you because you a one of the greatest auto companies in the world, and yous suggestion, globally on the road, you're number one problem right now? >> well, i mean, if you look at today, congestion in major cities around the world, and future a little bit, going from 7 billion people today on the planet to 9 billion mid-century. number of cars in that same period go from a billion today to 4 billion by then. where will they go? my point is wife to get going on solving the urban mobility
3:04 pm
problem. if we don't, there's global gridlock, and that's something we all want to avoid. liz: we have numbers here in the u.s., absolutely, terrible gridlock. does not surprise me los angeles is at the top, but on the list, of course; boston, washington, d.c., bridgeport, connecticut i found interesting, but, look, there's crumbling infrastructure causing gridlock, more and more people and less, sort of, opportunity to use public transportation. how do we fix this? not just in the states, but worldwide, in disiewrk -- zurich where there's a lot of traffic. >> technology will set us free. right now, we're working on vehicle-to-vehicle technology, cars to talk to other cars. liz: like what? "get out of my way"? >> exactly. if your car is five miles ahead, you're in a traffic jam, it alerts the other cars around, and my car says do i want to
3:05 pm
reroute based on this information? >> oh, i see. >> there's vehicle infrastructure, all censors create data most not put in a usable form, but what if you come home at midnight, and there's no one on the road, why stop at a red light? that should be talking to your car, sensing no other traffic, going to green saving you time and fuel, and so parking, 30% of all fuel burned in city centers today is berned looking for a parking spot. what if your car, when you leave your home in the suburb, and it knows exactly where you are going, preselects a parking spot for you, reserves it, and you drive right there. liz: that, in theory, sounds great, and i love it, but you get there, and people mark out -- they have been doing that for a long time. >> it's not perfect yet. >> it is not. google trying to do the
3:06 pm
driveless car, does that threaten ford? >> no, it's wonderful. we are close to google. i think, you know, you'll see a lot of these features come into the cars soon before we get the full driving, so, no, it's not some fantasy world, but something that's real. liz: all right. you're encouraged by google and the auto cars. okay, i got to get to natural gas, they are in quite a bit of discussion that we will be a gas drip society. we have a lot of it, less expensive now. things can change quickly. how well is fors' physician for that? >> easily. we had natural gas vehicles on the road for a long time. the issue with natural gas, it's a great fuel, it's not totally clean. that's an issue. it's cleaner, but not totally clean. the other is it's not as energy dense as gasoline. you need bigger tanks, for trucks, i think it makes perfect sense, as you get down to
3:07 pm
passenger sized cars, makes a little less sense because you don't have the range you'd like to have or if you do get the range, you put huge tanks on so the way i look at it, the way ford looks is big vehicles, great idea. smaller vehicles, more problematic. liz: ford stock doing well now, up 16% year over year. you may go down in history being the smartest executive ever because you didn't have an ego about you of i have to be the ceo and brought in allen, and what is your focus now as executive chairman? >> i'm working on the issues we're discussing today, spending time on strategies and technology, and a lot of time looking at business models to perfect the industry. for instance, relaunched a car sharing business in germany this month, like a zap car model. >> coming here to the u.s.?
3:08 pm
>> eventually, it probably might. we want to up and running to see how it goes first. no reason why it couldn't, and so, you know, one of the things that i determined is that, you know, i needed help. i was chairman, i was ceo, i was president, and coo. i couldn't do it all. liz: the windows as well? my gosh. >> allen and i work so well together, and he's become a friend, and i want him to stay for. great to see you. >> you too. we appreciate you coming by, his first milken group event, having a great time, meeting steve case waiting in the wings from aol about to speak with us. bill ford of, of course, ford motor group. going to the floor show, the record breaking markets again, and they are up only incrementally. let's get to the traders annie coal as well on the floor of the new york stock exchange. we begin with teddy. you know, i don't know what to
3:09 pm
say. record after record, teddy, and you'll hear from goldman sachs who says there's more room to run today. >> well, i mean, i guess, listen, the tape told us that but i think, you know, this first quarter earnings reminds me of a little of first quarter of 2012 where we started to see the tip of the iceberg w's negative guidance coming out of the eurozone, and the fact is that in this earnings period, at least -- liz: hold on a second. all right. i just need -- teddy, keep going, i just lost you for a minute, but keep going. okay, teddy's down, sorry. i'll go to chris. thought it was me. always blaming myself, chris. >> don't do that, liz. don't do that.
3:10 pm
liz: when you see that behavior here -- okay, i won't. it's a problem with e me. what you see with the trading behavior today in the pits, after the s&p hit the record? >> well, that, to me, is sell in may and go away. no, seriously, that's the head line. it's a double top at the 1600 level in the s&p, and if you want to be patriotic, don't want to sell short this market, sell short and buy u.s. dollar. i really think all the teddy eluded to it, really all the negative sentiment in europe, i think you buy the dollar verse the euro, i think there's going to be crumbs coming out, more quantitative easing as well as the ecb is concerned. the pmi number that came out of chicago today was just too bad followed by the empire state, kansas city, everything's really bad as far as manufacturing's concerned, so i'm looking to short that, s&p, and along the dollar versus the year. liz: okay, longer dollar. you know what? we just talked to tony blair,
3:11 pm
and that interview is on foxbusiness.com. check it out. he made bold statements about the euroown eurozone. look at that as well. quickly to elliot warren. why is oil falling more than a dollar today, elliot? >>ives p -- i was wondering myself, actually. crude has a lot of room to run on the downside, and if we believe it, there's an economic recovery, i think it sort of makes sense. it really depends on what you think about the recovery. i feel i might have just lost you there, but crude lower to go someplace. dollar lower today as well, and, you know, i think that overall, crude should be a lot lower than it is now, and i think that we're not going to see the normal summer drive time gasoline buying as well, i think the trend is the friend here, and overall, crude is on the way down and natural gas on the way up. liz: all right. we talked to bill ford about natural gas, and ford is ready
3:12 pm
because it could be the big driver. thanks to all -- >> very interesting what they said. >> sorry about the audio, we'll get you next time. thank you so much. thanks so much. let's bring it back to the milken institute. a prom innocent study recently found that new startups are declining. the place is crawling, by the way, with entrepreneurs dying to hear from the best and brightest in the business, but a business creator is looking to revolutionize the startup landscape so for all you would-be startups in your mind, listen to steve case, the co-founder of america online, the world's largest internet company under his leadership, currently serving as chairman and ceo of revolution, and you've done a lot of work with the administration as well helping small businesses find their way. you just were on a panel called "fueling american entrepreneurship," so what do we need to do? >> recognize that's what built america, the story of america is
3:13 pm
not just about the democracy, but the entrepreneurs who built the economy. that's why we have the leading economy in the world and envy of the world, but we're seeing entrepreneurship globalize and other countries figure out the soft power, the american success story is entrepreneurship. getting people to focus on that and double down on entrepreneurs is critical. liz: what's the one thing standing in business creator's way right now? >> it was on jump starting that congress passed with overwhelming support to get access to exom. there's work to be done, didn't finish the rules, but it makes it easier for us who have an idea wherever they are in the country, not just silicon valley, boston, new york, anywhere in the country. now the focus is on immigration, winning the global battle, the most important issue facing the nation now, and there's now bipartisan support building the past, not just high skilled immigration, but a immigration
3:14 pm
resolution, and there was a thoughtful proposal, i think, hopefully that gets through the senate in the next couple months and get through the house and get comprehensive immigration reform passed in a way we are able to attract the best and brightest to our country to start companies here opposed to go to their nationings or other nations starting competitive companies there that don't position us to be the most entrepreneurial nation. liz: i agree. i'll say something some consider politically incorrect, but people are talking about it. the two boston marathon bombers were immigrants, and they came in on political asylum issues, ect., and you know people are talking about this. down that immigration reform backs because everybody's talking now about how the guys were on welfare. look, there's misinformation, information, but it sure is depressing, suspect it? >> it is dress depressing and tragic, and what happened in boston is terrible. the momentum is strong, and
3:15 pm
people realize there's two people that caused the problem, but the story of america is the story of immigrants coming to the country to find a better world, life, and brighter future for their family and community, and 40% of the forchip 500 companies today were started by immigrant entrepreneurs. liz: yahoo and google all started by immigrants who found a way to stay. do we not try to focus on something like that? that is a yes, of course. get to what's happening now in technology. what do you find the most exciting tech company out there right now? >> what's exciting is we launch the second interpret resolution. in 1985, only 3% of people were op line, only online an hour a week so the idea of the internet really was not taking hold. now it has, and, obviously, it's part of everyday life, but the next wave, the next revolution, not so much about creating internet companies, but using the internet to disrupt and improve the way we deliver
3:16 pm
education, how we deliver health care, the way the government provides different services, how we provide different ways to have energy and transportation, buttic there's -- but i think there's a flurry of activity representing half the economy so if we can be the nation that really is the innovator around ed tech or the other sectors emerging, it positions us for a very buoyant economy over the decades. if we don't get it right or the policies or immigration or capital right, other nations move aggressively to steal the lead we've got and take away the position to be the most entrepreneurial nation. liz: as we finish, aol was skell because of what happened in the pc level. now pcs are not selling as well. do you think the prk c dies? >> i don't think it dies, but as all things, takes on different forms and things like tablets, smart phones, not surprising there's an emergence of the class of devices and an app
3:17 pm
economy. this is what innovators and entrepreneurs do, push the edge of possibilities to propel the nation forwards. liz: steve case, thank you so much for joining us at the milken conference. have a good time. >> thanks. liz: revolution chairman and ceo. coming up, just about 38 minutes away from the closing bell. we will be right back. ♪ tdd#: 1-800-345-2550 when i'm trading, i'm so into it,
3:18 pm
3:19 pm
tdd#: 1-80345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even oked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me worky strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-800-653-0240 tdd#: 1-800-345-2550 and a trading specialist
3:20 pm
tdd#: 1-800-345-2550 will help you get started today.
3:21 pm
liz: okay. so that is is downtown los angeles, and here is beverly hills, california with, oh, yes, rolls royces and the like. how can you not love the beverly hilton hotel with a story of history, welcome back lifer from the milken conference where mike milken is so powerful he had a coffee and tea leaf cough machine installed there. which is good for me. i love it. s&p 500 new highs, talking with that with nicole, and you know what, we couldn't shortchange teddy, could we? >> that's right. we're going to squeeze it into one shot. that's the idea of the closing bell show, teddy, we talk about a lot of things,ing, including e utility names and financials.
3:22 pm
the s&p is pushing all-time records intra-day highs, and what do you think about the action we've seen. we chatted about a weaker dollar, and that would be one of the reasons, what do you think? >> somehow or another we left the dollar off the -- out of the equation, but the weak dollar, the weak dollar, stroke euro, and when it turns green, the market does better. >> which got us out of the financial crisis, the weaker dollar to help the multinationals along. what about sell in may and go away? worked in may of 2010, 2012, and looking back and charting it before i asked the question, what do you think about that? >> what happened to coinside with the end of first quarter earnings so there's a vacuum, and when the focus turns to the economy and the euro zone and joe --
3:23 pm
geopolitical events, there's not a lot of good events out there. >> talk about the sectors, utilities, consumer staples, some of the best performers this month. what do you think of any of those sectors, hot op any of them? >> well, i think it's relatively defensive. you know, with the exception that the financials continue to be, in my opinion, the lightning rod for the economy, and so as the financials will go as a sector, so will go the market, in my opinion. >> well, you know what? your opinion is on target there, ted. you have a since of calm -- sense of calm op the crazy days booming or buster. great to have you around always. back to you, liz. liz: okay, we'll take it. i'll give beverly hills teddy's regards. see you next time. closing bell ringing in 30 minutes. is twitter a threat to the market? one week ago, the industrials
3:24 pm
plonged more than 144 appointments in two minutes in reaction to a false tweet of the bombing in the white house. remember that? going live to washington where a short time ago regulators held a hearing on the implication of twitter and social media. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪
3:25 pm
3:26 pm
we don'tet frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur
3:27 pm
3:28 pm
♪ liz: the blue awning they have set up here. a lot of pieces. welcome back, everybody. live from the milk and institute a global conference. "gold losses sustained in april are the deepest in 16 months. so a little bit of a recovery around april 15th, but not all the way. what is moving? the woman who always knows,
3:29 pm
sandra smith in the pits of the cme. >> reporter: take a look at crude prices moving to the downside by more than a dollar right now in after-hours trading $93 in changed. we're watching that crude spread. basically, what is happening is the wti contract for the west texas intermediate, it continues to narrow that gap with the european benchmark, the brent crude future. we get word out of the eurozone that unemployment reached a record high which is causing a lot of concern about overall consumption. by the way, a huge report on crude out tomorrow morning expected to show inventories sitting at 22-year high which is having a negative impact on both of these foils as well. both suffering more than 1% drops. the race between them is now less than $10, about $9. also weighing on prices, as a matter of fact from the eurozone unemployment rate weighing on copper prices.
3:30 pm
for the month it is bigger monthly drop dating back to the last may. so all of the concerns about the global economy weighing and copper prices. last but not least, wheat. unbelievable that this was the shining star of today's session. it is still all about the weather, all of that rain, cold weather still coming through. that will be a big concern for the farmers. liz: well, you know that after i leave here i am going to omaha, neb. i was told today that it may snow. snow and armagh. so you have to watch out. you're absolutely on the money on that. as if regulators did not have enough on their plate to my now commodities futures trading commission, taking twitter weigh more seriously than they had in the past. they held a hearing to discuss whether additional measures are needed to deal with house social media affects the markets. one week ago today the dow took
3:31 pm
a dramatic drop after half a percentage, of falls street on the associated press account about bombings of the white house. so let's get to peter barnes. he is with us now in washington covering this. >> reporter: that's right. regulators have been moving slowly on financial disclosure there social media. the sec approved a financial disclosure by businesses on twitter and facebook and others earlier this month. this incident last week was a hack, cyber attack on the twitter account of the associated press. hackers posting a tweet saying that the white house had been bombed, as you mentioned. within minutes the dow dropped 150 points. once everything cleared up rebounded. now the cftc and the sec are investigating it to make sure that there was no market manipulation involved and the cftc is talking to exchanges and traders today at a technology conference about what to do about this next to make sure
3:32 pm
that it does not happen again. they are examining whether and if there should be any new regulations on whether companies need to take steps themselves. >> first we have a malicious attacks, disruption to the financial markets. that in and of itself is bad enough. the other one is the manipulation. people using social media to gain an unfair advantage and trade around it. both of these areas are acceptable. >> reporter: some members of the cftc are in favor of more regulation, high frequency traders they use computer algorithms that trade at lightening speed and then recognize keywords like palm. but the commissioner was to move cautiously on any new regulation. back to you. liz: well, we should always move cautiously on that. certainly make a move and we feel there is a threat to the market. we are about 28 lead before the closing bell.
3:33 pm
facebook throwing down major bucks. silicon valley descending millions of millions of dollars lobbying for irrigation. how much? you just heard. we are going to drill down further next. ♪ everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy.
3:34 pm
we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. given way to sleeping. tossing and turning have where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there,
3:35 pm
like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asleep without remembering it the next day have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness and morning drowsiness. ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as $15 at lunesta.com there's a land of restful sleep, we can help you go there, on the wings of lunesta. why are 8 million people sleeping better tonight? why are 8 million people they went to a sleep number store. the only place in the world you'll find the sleep number bed.
3:36 pm
clically proven to help each of you sleep more soundly. with dual air technology, it allows you to adjust to the support your by needs. each of your bodies. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and for those who sleep too hot or too cool, now save $500 on our temperature-balancing memory foam bed set. don't just change your bed. change your life. at only one place: a sleep number store. where queen mattresses start at just $699. sleep number. comfort. individualized to find your store, visit sleepnumber.com.
3:37 pm
3:38 pm
>> reporter: i'm adam shapiro with your fox business brief in appellate court ruled j.c. penney can continue to sell a line of martha stewart of goods without her name pending the outcome of the trial with macy's. the court denied the request for a preliminary injunction blocking the sale of items. j.c. penney started selling the product last week under the jaycee p everyday brand. when 102 stores is not high enough, look no further than verging galactic. the company spaceship his speeds faster than sound during a test flight. this is a milestone which originally intended to send people to space. aiming for commercial flights into space by 2014. and gambling launch the first legal real money poker with such today. only people from nevada can make wages on the site. internet poker has been banned
3:39 pm
in the united states since 2011. we continue our "countdown to the closing bell" with the woman who has hollywood style but prefers park avenue, liz claman. >> this is a special edition of "countdown to the closing bell" live from the milken institute in los angeles. ♪ liz: welcome back. the toes of a company with a stock has come back. >> reporter: we will bring you right over to take a look at best buy. we know the electronic business, everyone remembers what happened. up over 7% at the moment.
3:40 pm
this is about five years ago. they're selling that stake. the interesting part is they're selling for $775 million which is about half of what they bought it for five years ago. as you noted, it really is a winner year today. up 118%. liz: you have to love that. it is incredible. surely facebook would love to see that. let's get to a different part of the silicon valley. you put it together. leading the charge for immigration reform.
3:41 pm
new records show seven suffer companies are on board the tax chester received absolutely huge benefits from the bipartisan plan. this task, more green cards. they said the plan and skill and said a family. a look at the biggest spenders. microsoft and facebook spent about two and a half million aged. by the way, one of the most talked-about was yesterday. rupert murdoch. of course, rupert murdoch, of course, ceo and chairman of news corporation, our network. a lot of agreement on making sure that we get the best and the brightest year. the closing bell ringing in about 19 minutes. firstly michele obama taking the stand in a big way rain together businesses and the u.s. to get involved in training
3:42 pm
and hiring of our armed forces. one company that is not even based here in the u.s. stepped up to the plate in the biggest way. already hiring more than 300 veterans with in the last year, and the german giant is pledging to hire even more. siemens' u.s. ceo is up next in a fox business exclusive interview with breaking news you will only see right here. ♪
3:43 pm
3:44 pm
3:45 pm
3:46 pm
♪ liz: rearing its head again, shares moving higher today after the earnings for kate's to went out. the have to look at this. in the brink of an insider
3:47 pm
trading stand -- scandal, one of the top partners, and you can see him handing information over and taking money from somebody that he was stepping off about certain stocks. that information being passed out. it really has put the accountant in turmoil. but herbalife is having trouble finding a new accounts. last night the company said, there is no assurance it will be able to find a new auditor. today the chief financial response updated saying it is nearing completion. they need an account. the hunt has delayed a share buyback. now down more than 40%. and, of course, billionaires', shorting the stock. today he is the second anniversary of something called joining forces, veterans hiring initiative lost by the white
3:48 pm
house years ago. american companies have already hired some 290,000 veterans. we need them to do more. michele obama announced plans to hire another 435,000 veterans over just the next five years. our next guest is a big part of this effort. siemens, a german industrial giant that has a day operation here in the u.s. a new job training program to help our veterans stepping up to the plate with breaking news on this. u.s.a. ceo. you may remember him because he was called up by the president during his state of the union address as a company it is creating jobs here in the u.s. you hear of specific pieces. big news which will be officially announced in less than half an hour. that is it. >> we have been a big part of joining forces. we hired over a thousand. one of the things we found is that veterans want to get into higher-paying jobs, more
3:49 pm
technical jobs. they have good technical but need more. we are announcing a new initiative tired veterans and to our software technology business. we're going to offer that as free training. twenty-two sites around the country. hoping to train hundreds of veterans. this offer is of the world's leading software is for computer aided design, manufacturing, and engineering. we have 72,000 customers around the world. >> study you decide who gets them? people who get this opportunity. >> it will take a look. so with the people who have some of the technical skills that will make it easier so they can advance quicker. if you have skills going in palatine courses you can take. you take all those courses, some good training, salaries can range from 50 to $70,000.
3:50 pm
we would like to start with some people have this basic skills. but we think it will be a lot of people who won in the work and they're hoping to train hundreds this year. liz: veteran who was wounded badly. an army ranger. i don't understand what people don't hire more of us. highly motivated. we just get it done. >> our experience, highly motivated people, good skills. they can work independently. over two-thirds of god and to stem job as commander hoping to increase that model. liz: let's talk of some of the areas. twenty-two different areas. >> all over the website working with the company called the right images of this. that will all be going down very quickly. liz: won't get into too many details. how is the world economy
3:51 pm
looking? >> well, i think it's a really good time. someone a recession. we really need to find ways to get that economy going faster. the last two years real experience 9% annual growth. the biggest market. 9 percent per year over the last two years. 2010-11. and we are hearing the second half will be bigger for the u.s. liz: when i look get some of what your businesses and, health care, by the way, if you don't know, then make dishwashers. they just get named best dishwasher. >> consumer reports. liz: consumer reports. that's fantastic.
3:52 pm
in making big-ticket items. out of the durable-goods numbers, sometimes they look rather sketchy. is that encouraging? >> well, as i said, the economy starts taking off. demand for everything will grow which will create opportunities for investment. the u.s. the sec a great place to invest. more competitive, trying now wages, cheap energy for the first time. advanced manufacturing. that is why we have been building new plants. as we like to say to my training gap, hoping that this program will help us and our customers for software build some of that training. liz: the announcement, it will become official at 4:00 p.m. eastern. siemens is going to train for free thousands and thousands of veterans press some other higher-paying jobs and programs. thank you so much.
3:53 pm
very patriotic in good job. we appreciate it. thank you so much. we will see you next time. the closing bell ringing in about seven and a half minutes. live here. more from the milken conference. the brilliant minds out here. two media giants, direct tv chairman and ceo in a fox business exclusive. and willis to the media ceo, did not miss those big interviews. plus, after the break, last chance to make money. on track for yet another record high. you will be right back live from beverly hills and the milken institute global conference. ♪ my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal
3:54 pm
in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those o are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron.
3:55 pm
. .. [ male announcer ] at his current pace,
3:56 pm
bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade.
3:57 pm
liz: welcome back. i want to let you know, this place, the beverly hilton is crawling with billionaires. this has become such a conference where everybody comes for this thing and coming up, we've got just a few minutes, billionaire investor yuri milner. owns a huge chunk of facebook. what is he looking at next? was he disappointed in those investments? what about twitter? we'll ask him. we have goldman sachs abby joseph cohen. she makes bold predictions where the market is going. she talks about her concerns and what are the number one concerns. she is --, she does have those and talk about those. let's get to nicole petallides on the floor of the new york stock exchange. big news from apple today. it already has been out there. we to look to see the reaction. >> we have a bond sale for apple and we've seen apple moving to levels we haven't seen for a long time, 443. don't forget this was.
3:58 pm
nice move for apple. up six out of seven trading days. a winning day again. david: hi, nicole. david asman from new york. good to see let's talk about ibm up on the news uping their dividend buying back stocks. all that is good for the stock today? >> exactly. uping the dividend. 12%. they have raised their dividend 18 years in a row. so over 600% since 2000. that has been a real winner. buyback is always good news for shareholders. david: what goes up must come downtick larly talking about jcpenney. it came back down-to-earth, about 4% down. >> news, jcpenney can continue to sell martha stewart products under jcpenney everyday name. it seems like it would be good news. you're right. stocks hold back on good news. david: europe, a lot of folks are worried about europe, about exposure some companies might have. apparently news got to best buy. they will pull out of europe and how did the stock
3:59 pm
respond? >> they're pretty much done with europe. they will try to stay focused at home with intense competition from wal-mart and amazon. best buy has been a great performer this year. nobody really expected that, but year-to-date it is up 118%. just pull out of europe, only five years ago they got in, into this particular venture and car phones and now getting out. david: what is happening with buffalo wild wings? first they were down and then they were up. i guess they ended up down, right? >> so that's the other thing. we were talking about buffalo wild wings. they came out with numbers. they had back and forth. higher than expected quarterly revenues. sales were good but you're right back and forth. we should note the s&p 500 crossed the intraday all-time record high just a moment ago. these highs we're looking at, david, and liz, record highs here. david: once again record highs. we have by the way, two issues coming up. the federal reserve board and the jobs numbers. isn't everybody there focused on the fed more than jobs numbers?
4:00 pm
[closing bell rings] >> both are front and center. those are key pieces of information this week. david: nicole petallides. we see all the indices closing and closing to the upside. looked like for a while the dow was going into negative territory. managed to pull up in the last remaining seconds. it may still settle down a little bit from where it is now but we have a 16-point gain on the dow, about 3 1/2 point gain on the s&p. this is a new high for the s&p as nicole just said. the nasdaq, tech-heavy, very good day for nasdaq today up 21.7 points. that is more than a half a percent lead on the nasdaq. and the russell 2000, pulling off a win of about half a percentage point as well. good day for all the indices today as we look at your money. some big earnings movers by the way. pfizer w performer on the dow. there were down air rors -- arrows despite reporting rising profits. drugmaker reported decline

159 Views

info Stream Only

Uploaded by TV Archive on